OPEC

Duty relief on fuel expected to brighten festive mood
Oil & Gas

Duty relief on fuel expected to brighten festive mood

Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for…
Petrol, diesel prices hiked as crude nears $80/barrel
Oil & Gas

Petrol, diesel prices hiked as crude nears $80/barrel

Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices…
India seeks reasonable price from oil producers
Oil & Gas

India seeks reasonable price from oil producers

India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms…
OPEC, allies reach agreement after row over production
Oil & Gas

OPEC, allies reach agreement after row over production

The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a full agreement…
Puri conveys concerns over high oil prices to Saudi, UAE
Oil & Gas

Puri conveys concerns over high oil prices to Saudi, UAE

Hardeep Singh Puri has conveyed to OPEC countries its concern over high oil prices that are threatening to impact the…
Consumers may get respite from frequent fuel price hike
Oil & Gas

Consumers may get respite from frequent fuel price hike

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price…
Hardeep Singh Puri given charge of Petroleum Ministry
Oil & Gas

Hardeep Singh Puri given charge of Petroleum Ministry

Hardeep Singh Puri will now take charge of the Ministry of Petroleum and Natural Gas. He has relinquished the portfolio…
First time ever Petrol crosses Rs 95 a litre in Delhi
Oil & Gas

First time ever Petrol crosses Rs 95 a litre in Delhi

Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for…
Crude Oil increases towards $72 on demand prospects
Oil & Gas

Crude Oil increases towards $72 on demand prospects

Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Brent crude above $71/bbl amid tightening market
Oil & Gas

Brent crude above $71/bbl amid tightening market

Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand…
Africa’s share in India’s oil imports at 7-month high
Oil & Gas

Africa’s share in India’s oil imports at 7-month high

Africa's share in India's oil imports surged to a seven-month high in April as refiners boosted purchases from small regional…
Indian refiners set to make room for Iranian oil
Oil & Gas

Indian refiners set to make room for Iranian oil

Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing…
India’s fuel sales drop 9.4% in April on COVID wave
Oil & Gas

India’s fuel sales drop 9.4% in April on COVID wave

India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas

Indian Oil buys its first Johan Sverdrup crude cargoes

Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil & Gas

Oil jumps 4% on fears Suez Canal blockage may last weeks

Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted…
Upcoming polls keep oil companies from hiking prices
Oil & Gas

Upcoming polls keep oil companies from hiking prices

Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
Oil prices hit 13-month highs on tighter supplies
Oil & Gas

Oil prices hit 13-month highs on tighter supplies

Oil prices rose for a fourth straight session to the highest levels in more than 13 months, underpinned by monetary…
Pradhan gives two main reasons behind rising fuel prices
Oil & Gas

Pradhan gives two main reasons behind rising fuel prices

Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that reduced fuel production and oil-rich nations seeking more profits are…
India is creating a global model of energy justice
Oil & Gas

India is creating a global model of energy justice

MoPNG Dharmendra Pradhan said that by balancing accessibility and affordability, India is creating a global model of energy justice and…
Dharmendra Pradhan asks OPEC to correct price anomalies
Oil & Gas

Dharmendra Pradhan asks OPEC to correct price anomalies

India pressed for assessing the impact of COVID-induced disruptions to global energy sector supply chains and said oil cartel OPEC…
Global oil demand may recover by 2022
Oil & Gas

Global oil demand may recover by 2022

Global demand for crude could recover to pre-coronavirus levels by 2022, Saudi Aramco said, as the International Energy Agency projected…
G20 Extraordinary Energy Ministers meeting
Oil & Gas

G20 Extraordinary Energy Ministers meeting

Petroleum Minister Dharmendra Pradhan, participated in the G20 Extraordinary Energy Ministers’ virtual Meeting on 10th April 2020. The meeting was…
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